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. tesla gearing up to report earnings just a few hours from now. phil lebeau is behind the wheel in chicago for us. hey, phil. >> sue, you know with a stock like tesla and company like tesla a lot of people wait lot of crazy ideas about what's important behind the conference call. we've got the three numbers that you need to focus on and why they are the key to that conference call coming up on "power lunch." [ imitating car engine ] that's mine. ♪ that's mine. that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. get the best offers of the season now. lease this 2014 ats for around $299 a month with premium care maintenance included. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [
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, taking aim at higher wages. phil lebeau is there. >> brian, we're here in the south side of chicago. are they protesting for wagers with workers who actually work at walmart? we'll talk about that after this break. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ [ male announcer ] this december, experience the gift of unsurpassed craftsmanship at the lexus december to remember sales event. some of the best offers of the year. this is the pursuit of perfection. you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. (announcer) at scottrade, our clto make their money do more.re (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use
, our own phil lebeau with more details on that. >> reporter: good morning, kate. we're here at the l.a. auto so where as they get ready to open the show, a lot of talk is about what's happening with tesla. a few minutes ago, this tweet from elon musk, the ceo of tesla. he says why does a tesla fire with no injury get more media headlines than 100 gas car fires that kill hundreds of people per year? what he's referencing is the fact that the national highway traffic safety administration has opened a formal investigation into the model s battery fires. in doing so the agency said the investigation was prompted by recent incidents in washington state and tennessee that resulted in battery fires due to undercarriage strikes with roadway debris. nobody was injured, nobody was killed in either of the tesla model s fires and tesla this morning said it asked the national highway traffic safety association to launch a formal investigation. it brings up the question, will there be a rrl? this is what elon musk said at the deal book contract just last week when andrew ross sorkin asked him abo
. another fire in a model "s." cnbc's phil lebeau is following this story. hi, phil. >> reporter: hi, tyler. this is one that's still under investigation. we want to show you some pictures from the tennessee highway patrol. this is of the model "s" after the fire was extinguished. it happened yesterday, yesterday afternoon, in murfreesboro, tennessee. the driver, by the way, escaped this without any injury. the model "s" did not hit another car in this incident. instead is drove over a trailer hitch. that hitch that apparently punctured the battery compartment underneath the model "s." and again, the driver escaped without injury. this is the third model "s" fire in the last six weeks. remember there was one in suburban seattle, then one in mexico and now this one. tesla is sending investigators to tennessee to look into what's happened. what about the federal government? will it now investigate the model "s"? the ntsb says it will contact the local authorities who are looking into the incident to determine if there are vehicle safety implications that merit agency action. keep in mind, tes
of dollars into mexico where startedup expenses and rages remain reasonable. but for how long? phil lebeau is live in mexico with the latest. hi, phil. >> reporter: hi, maria. this is one of the hottest areas in the world when it comes to expanding and manufacturing. the reason why? more companies are pumping money into this country. in fact, when you look at foreign direct investment into the country of mexico, it will top $35 billion this year. much of that coming from the auto and aerospace sectors. and here's the reason why. they used to be putting most of it into china. but look at the difference in cost when you factor in wages and shipping, et cetera. the manufacturing outsourcing index makes it clear that mexico is a much more competitive place for many companies, including the ford motor company. >> mexico has proven to be a great source for our products, obviously, great high quality, the team members are very motivated. and there's a great, healthy supply base. >> reporter: there's another company that is benefiting from the boom in manufacturing here in mexico. kansas city sout
that the plane maker rejecting a controversial contract proposal. it could have big ramifications. our phil lebeau in chicago. phil, this seemed like a real important vote not just for boeing but also for the labor community as a whole. >> absolutely because this is one of those plumb possibilities out there in terms of where boeing puts the 777 x plane. the union, the machinist in seattle, had a chance to vote on a contract offer which would extend through 2024. two-thirds of the members voted it down last night. here's a sense of what they were feeling as they were voting. >> i was quite certain it was not going to pass. i could not see my brothers and sisters taking this and the way it was presented to us as extortion and accepting it. >> they choose to take the 777 x the same path they took the 787 and commit corporate suicide, it's their business. it's not ours. >> keep in mind, boeing offered a guarantee of the 777x being built in the puget sound if the union agreed to that eight-year contract which would have had some changes to the pension, a 1% a year pay raise. they would have had to pay
base some 12 miles away. we expect it to take off any time now. phil lebeau has been following the story, and he joins us live from chicago. phil, first of all, how did this happen? and second of all, this is a much shorter strip than mcconnell has. how's this going to work? >> reporter: let's start first with taking off and the shorter runway. the runway at jabara airport is about 6,100 feet long. typically a 747 modified like this would have a ruppway of at least 9,100 feet, a 3,000-foot difference. they're not going to take off until all parties sign off. authorities say yes, we believe we have enough room for taking off. that's the takeoff we may see relatively soon. as for how it got here, the dreamlifter was carrying 787 dreamliner parts from italy, stopped in new york and was on its way to the facility in wichita, spirit air systems where it was going to be dropping off parts, picking up others. as the pilots were coming in on approach late last night, listen to the exchange between the dreamlifter pilot and the air traffic control tower. >> 4241 heavy, do you know which
. cnbc's phil lebeau joins us from chicago. three big stories that fall in your area, phil. first boeing soliciting bids for its new 77 x production site. who's in contention sp. >> it's too early to say any one location has an edge over others, although there are natural advantage certain locations have. here are a few of the cities we've confirmed independently as well talking with sources in the running for the landing the 777 x location. seattle, washington, because of the facilities there, long beach, salt lake city, huntsville, alabama, and the boeing facility in charleston. keep this in mind, boeing says it will not negotiate with the machinist union out there in seattle which is interesting because if they were to work out a deal at the last second, you wouldn't see anything develop, sue. but as it is right now boeing says it is moving forward and will make a decision some time early next year about a 777 location. i know that you asked the ceo about that last time you talked to him. very interesting. boeing advising airline about the risk of engine icing problems on the 747 and
. robert frank is here, phil lebeau is there. some of the states, folks, with the highest taxes also have the highest populations of millionaires. rob, you run the numbers on this. >> yeah. >> what did you find? >> big debate whether high taxes chase out the rich. i took a state by state millionaire count and overlaid the tax rates on those. some of the highest taxed states had the most growth in mull it ty millionaires, california number one in glowing multimillionaire population over the past year. the number one state on a percentage growth basis was massachusetts, that's also a pretty high taxed state and number one city for growing millionaires was new york city. with a 12 plus percent tax rate. so again, this could be despite the tax hikes in these places, not because of them. but basically this shows little correlation in how many millionaires a state can grow with the tax rates. >> really speaks, i guess, phil, more to the vibrancy of the economy. sometimes the sheer scale of the economy. i guess it should be no surprise that california would add the most. it's the biggest state a
to lagging sales. our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim farley thinks they can bring it around. the showrooms
. >> we are getting numbers on auto sales. chrysler already came out with a miss. phil lebeau has ford numbers. >> reporter: these are slightly below the estimate, overall ford for the month of october, an increase of sales of 14%. again, the street was expecting 15.5%. a couple of numbers stand out here. the best retail sales for the month of october since 2004. we usually don't focus on just one month. that is interesting. best retail sales since 2004. the f-series, it continues to be just incredible. up 63,000 in terms of total sales, up 13% for the month. that is the sixth straight month with f-series sales of greater than 60,000. guys back to you. >> phil, thank you for that. >> the stock does anything. >> i was going to ask you, you know, we've seen some of the whole sale inventory numbers showing stockpiling at auto dealers. some of the loans are stretched out. >> gm stories there about no deals, deals, i think if you don't offer these deals, you got to stay on that treadmill. these stocks have stalled. i don't know why. i'm saying that it's not as easy because europe is turning
the industry. phil lebeau is in mexico with carlos goen. phil, over to you. >> reporter: thank you, kelly. we have a busy day in new york, and also a busy day here in mexico. and carlos is joining me, chairman of nissan-renault. a lot of the plant here, why now? >> yes, we're already here. >> correct. >> we have a plant that's full. 175,000 cars a year capacity, capable of doing four cars. but it will be filled with one car, the central behind me, demand is strong in the united states, and very strong, also, in mexico. little by little, mexico is becoming an export hub for the americas. >> the weaker yen. obviously, you're more diversified than many of the japanese counterparts around the world. how much has it benefited you? does it make it a little -- put less pressure on you to diversify the base even more? >> no, i said when the end was 75 or 76, we need to hit 100 in order to -- for the end to be neutral. we're there. i think it's neutral for the moment. i don't think there's an advantage. i don't think there is a handicap. we are much more diversified than our competitors in japan. we f
Search Results 0 to 12 of about 13